Start Up Loans

Are you starting a new business or been trading for less than two years and need finance for your new business? Looking to borrow between £500 and £25,000 over one to five years to help your business grow?

Start Up Loans are a government-backed personal loan available to individuals looking to start or grow a business in the UK.

With a fixed interest rate of just 6% per annum and the ability to borrow between £500 and £25,000, Start Up Loans offer an affordable source of finance to help new and early stage business owners bring their plans to life.

When reviewing Start Up Loan applications, we consider two core factors: your personal affordability and, just as importantly, the viability of your business plan.

And because we make it our mission to help you not just start up, but survive and thrive, our support goes beyond what typical lenders provide. We offer a range of free options for guidance, both during the application process and once you’ve secured the loan, to help put you in the best possible position to succeed.

Start Up Loans are structured on a monthly repayment schedule, based on a loan repayment term of between one and five years.

In addition to finance, all Start Up Loan recipients are offered up to 12 months of mentoring support and access to a range of special business offers.

Who is it for?

To be eligible for a Start Up Loan you must be:

18 years of age or older

A current UK resident

Starting a new business or have been trading for up to 24 months

Able to pass our credit checks and demonstrate that you can afford to repay the loan

Unable to secure finance from other sources (self-declaration is acceptable).